Answer / gaurav

nominal a/cis relate with losses income expenses and agin
example-rent a/c
salary

Answer / sanjay

debit all expense and losses
cradit all gain income

Answer / saifudheen

debit all Expenses and loses credit all income and gains
Examples
salary pay to SAIF; ENTRY WILL BE FOLLOWING

SAIF a/c Dr

To Salary A/c
Salary Earned to Saif;ENTRY WILL BE FOLLOWING

Salary a/c Dr
To Saif A/c

Answer / anil kumar

The accounts which are releted to expenses, loses, incomes
and gains are called nominal account.
Rule : Dr. all losses and expenses
Cr. all gains and incomes
Example : Rent a/c, salary a/c etc.
Discount received, intrest received etc...

Answer / asmath khan

Nominal accounts are the accounts relating to expenses, losses
incomes and gain
rules : Debit all expenses and losses
: credit all incomes and gains

Answer / krishna

nominal accounting is the measure
to calculate the income ,expenditure
profit,and loss


all expenditure and loss are debit ...
all incomes and profits are credit.....

Answer / jaina valani

Golden rule of nominal account is DEBIT ALL EXPENSES,LOSSES,ASSETS AND DRAWINGS
CREDIT ALL INCOME,GAINS,CAPITAL,PROVISIONS,RESERVES.
These transactions are complete in nature.
eg.-rent paid,etc.

Answer / pradeep sharma

nominal a/c is the a/c in which we calculate income(gains)
expenses(losses)

nominal a/c having following rule:-

Dr. All expenses & losses

Cr. All income & gain

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